Watch List notes:

Brazil. Republica dos Estados Unidos do Brazil. 1 Mil Reis. No date (1917). P-5s. Black on orange. Museum, left. Child with caduceus, right. Estampa 9A Series 100A. 00000 in blue, SPECIMEN in red. Almost Uncirculated. F5420 in the jumbo margin at the top.

($200-300)